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20130106
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Search Results 0 to 33 of about 34 (some duplicates have been removed)
for years in the economy, and even our environment. as increased use of natural gas has reduced co2 emissions in the united states in 1992 levels. since 1990, the industry has invested more than $252 billion in improving the environmental performance of our products, our facilities, and our operations. between 2000-2010, the amount of industry investment for technologies to reduce greenhouse gases was $71 billion. compare that to the $43 billion spent by the federal government over that same time. compared to all other industries combined, which were just slightly larger than what our industry invested. u.s. refiners have invested more than $137 billion since 1990 in technologies to produce even cleaner fuels and meet the growing variety of state and federal mandates. it complete transitions compared to gasoline is estimated to have resulted in the reduction of tailpipe emissions by cars and light duty trucks, the equivalent of taking 164 million cars off the road. and through increased efficiency, we are doing much more with less. america uses about half as much energy today to pro
are two of his "ten predictions" for 2013. >> so the key, susie, is we're in an environment where stocks continue to climb walls of worry, and the economy continues to muddle through, not similar to last year. last year the economy some days okay, some days not so okay, and the stock market kept climbing that wall of worry. last year stocks were up 16%, s&p 500, and we only need about half that to achieve a new all-time high. i think we'll get there. >> susie: bob, how do markets go higher when the individual investor is out of the picture, so fearful of investing in stocks. do we see the return of the individual this year? >> i wish i could say we're going to see that, susie. but the individuals who own a lot of bonds first need to see bonds going down in price to be willing to sell them to buy stocks. i think we hit a new all-time high without much participation by the individual. it is the corporation itself that has the big burially since the become oof 09. >> susie: you believe the emerging markets are going to do better than the u.s. so should investors focus outside the u.s.? >> i
to seven straight about 10 years ago. -- 7th street about 10 years ago. the environment is huge. it is stronger than willpower. surrounding yourself with artists, being in a culture where artists are driving, and where a huge amount of them is a healthy environment. >> you are making it safer. push, push. that is better. when i start thinking, i see it actually -- sometimes, i do not see it, but when i do, it is usually from the inside out. it is like watching something being spawned. you go in, and you begin to work, excavate, play with the dancers, and then things began to emerge. you may have a plan that this is what i want to create. here are the ideas i want to play with, but then, you go into the room, and there maybe some fertile ideas that are becoming manifest that are more interesting than the idea you had initially set out to plan. so there has to be this openness for spontaneity. also, a sense that regardless of the deadline, that you have tons of time so the you can keep your creativity alive and not cut it off and just go into old habits. it is a lot like listening
are two of his "ten predictions" for 2013. >> so the key, susie is we're in an environment where stocks continue to climb walls of worry, and the economy continues to muddle through, not similar to last year. last year the economy some days okay some days not so okay, and the stock market kept climbing that wall of worry. last year stocks were up 16%, s&p 500, and we only need about half that to achieve a new all-time high. i think we'll get there. >> susie: bob how do markets go higher when the individual investor is out of the picture so fearful of investing in stocks. do we see the return of the individual this year? >> i wish i could say we're going to see that susie. but the individuals who own a lot of bonds first need to see bonds going down in price to be willing to sell them to buy stocks. i think we hit a new all-time high without much participation by the individual. it is the corporation itself that has the big burially since the become ofof 09. >> susie: you believe the emerging markets are going to do better than the u.s. so should investors focus outside the u.s.? >> i th
environment so attractive and really few alternatives. is it really a function of the global economy, or is it more a function of this money that needs to find a place to go and u.s. equities seems to be best looking game in town? >> well, you know, i do think it's a lill bit of the latter. when you start looking at the velocity of the money, not trying to get too into the financial jargon, but we do have an issue where people are still seeking out safe money. however, if you look at growth of bank lending, commercial bank lending, what we call a credit growth, it's above 6% right now, so we do have banking and financial organizations wanting to lend money, and as they do that, that's going to create the capital to give those fundamentals that we sort of have forgotten about, but there's no denying that when the federal reserve is printing 85 billion a month it will have an effect. keep in mind, still looking at 8%, 10%, s&p corporate earnings growth. let's not get into an argument about top line growth. >> you're talking about the fourth quarter, 8% to 10% in the fourth quarter? >>
't need because of the change in the geopolitical environment the stealthy helicopter or the high end artillery. based on what you're seeing in the geopolitical situation, what does that mean future investment. what should be we investing in what should we continue to buy more of? less of. are there vampire programs with using your phraseologies that should be cut? what is the geopolitical environment mean for investment? >> well, again, my friends in the army are mad at me. unfortunately, i think there is here a shift what was the phrase bob used longer, large, basically large prolonged -- [inaudible conversations] >> yeah. that's a good prediction today. who in august of 2001 reconduct -- predicted we would have one in afghanistan? i think it's a dangerous thing in the business. it seems to me to that we needs to strengthen our maritime capability in the western pacific and not to contain china or fight a war with china, god for bid. i think the goal has got to be to try to sustain the peaceful situation, which is only thirty years old. it's the -- we have a huge interest, i think,
in afghanistan? thank you. >> the interment of the -- environment of the narcotrafficker forces in uncertainty. when they raise an orchard or vineyard and turns it into a poppy field -- when he is not sure what is learned happened to him or his family, they turn to narcotics. it takes three months to grow it. it does not need refrigeration or economic integration, nothing. if we see an increased degree of uncertainty, we would probably see more poppy cultivation. it would be listed economic activities. -- illicit economic activities. the leadership [indiscernible] in the areas where the economy is thriving, we have seen a reduction of narcotics and cultivation of the poppy. in areas where we see most of the fighting, that is where most of the poppies are grown. >> let me close with a final question. jim used a number of statistics. one that struck me is i have the right to a 52% of the afghan population thought the country is going on in the right direction. my question to each of you, what is your view? is the country going in the right direction and are you optimistic or pessimistic as we lo
much money. the deposit growth here is unbelievable. but in this environment, people want net interest margin. they want the bank to make more money or more mortgages. >> some banks out there, just declined only six basis points. that's how optimistic some on wall street will be going into this quarter. the sequential decline, it's 3.56 for the fourth quarter from 3.66 in the third. as you mentioned, ten-base point decline. so that picture has been dimming a bit. total lending has increased. >> not enough to offset the incredible increase in the deposits. what did they take in over -- >> $30 billion in the quarter. >> 12% annualized. even with that rescinding of the insurance beyond 250,000, still deposit flows. yet you can't put it into productive loans or you don't want to because you worry about credit quality and we end up with contracting energy -- >> look, we're at a moment where i don't think anybody who's got a mortgage, they know they're getting a good price. the ohio regionals are going to do better. that welgs is now a sale. look, wells could go to 33. if it had been to 32,
that come with that. the stewardship of the environment. we have enormous interest of course in our own resources, our people. in fact, 40% of canada's landmass is above the 60th parallel, yet we all have roughly 100,000 of our 34 million people living there. so it is an enormous challenge, obligation, even to continue to exert the sovereignty, search and rescue. at this time of year is becoming dark 24 hours a day. you have temperatures to plummet below 50 degrees celsius. and you have opening waters and changes that are going to create a lot of challenges because more people simply are going to go there, and more countries have exerted or expressed an interest. you mentioned china. there are many others that want to be part of this council. to your question about the obligation, i think it comes back to people playing by the rules and respecting the fact that there are places when disputes arise, as is the case with canada and the united states impact on the bering sea. some of the bordering areas of the arctic. i think there is a recognition that countries that adhere to a rule of a
environment. if the yield curve starts to stephen as we've seen in the -- to stephen as we've seen in the first weeks of 2013, that will eliminate net interest margin pressure. profitability should improve for the group. >> how much do you care about what's going on in washington over the next two months? >> i think that's important because the austerity measures being talked about in washington will slow general economic growth in the country. and as you know, that's a real driver for bank loan growth. and so if those austerity measures are too much and puts us into possibly a recession or just slower growth, that will affect the outlook for the banks. i think you're going to see that the housing market's going to continue to grow. and that's going to be a real driver to the success of the banks this year. >> okay. now in your note to clients, you say that your four best ideas -- i'll list them. walk us through why you like them. you like discover financial services, fifth third bancorp, pnc financial, and wells fargo. >> yes, when you hook at starting with the last one, wells far
into recession. it's been in a recession type environment for a while. and the only grimace of hope is that the chinese economy has been showing signs of growth and the japanese are earmarking trying to get their growth profile. it's a race to the bottom. last year, there was a lot of risk that people thought we were going to have and didn't happen and then this year, thought there would be a massive allocation out of equities. i think that shows the first quarter is not going to be a one shot off the the risk markets. >> george, thanks for joining us this morning. we appreciate that. and now let's just remind you what else is still to come. two of the biggest names in hedge funds are locking horns over herbalife. we'll tell you what you need to know, coming up. with hotwire's low prices, we can afford to take an extra trip this year. first boston... then san francisco. hotwire checks the competitions' rates every day so they can guarantee their low prices. so our hotels were half price. ♪ h-o-t-w-i-r-e... ♪ hotwire.com ♪ [ male announcer ] some day, your life will flash befor
. the environment minister says the levels of contaminants are within legal guidelines. however it is a possible blow for the pipeline. it is not just washington d.c. that cannot get its act together but state have their problems too like illinois. that state has a $100 billion pension shortfall, no solution in sight. scott from the cme in chicago usually talk about futures for bonds and stocks and shells and cattle and pigs but today i put it to you, the state in which you live and do business is going belly up and you are going to ask me for a bailout, aren't you? >> me personally, no. the state, maybe yes. what we are suffering from is the complete lack of common sense and ultimately we are going to have to start collecting politicians who can stand up to folks around them and say we don't have the money. they have been wrangling down in springfield for a few weeks now and have not come to a significant solution because there is no solution. we don't have the money. the politicians that has the guts to stand up and say that is the one that will be the savior going forward. stuart: can you be
talk about just the overall economic environment. they say there were a lot of challenges that the industry faced during the last year, including continued low interest rates and elevated unemployment. though, they're not necessarily saying great things about what they see in the economy or at least what they had seen over the last year. only comes in one take at a time. >> where, let me see? >> keep going. >> mine does. >> mine over here. >> i got to go pop out into the next thing during the next thing. >> no. wells forgo at this point 34.99 bid. so no longer actually trading higher on this. i don't know what the metric that came out, but two cents ahead on better than expected write now. >> all right. >> okay. >> talk to an analyst. >> we're going to talk to an analyst and get him on the phone. let's get a quick check on the markets. the dow falling -- would open about 12 points lower. nasdaq off by two points. s&p 500 virtually unchanged. overseas in asia, as we do a quick fly around you can see we do have a little bit of bad news. shanghai composite off close to 2% on
it is that they have no intention of doing, anyway. basically, we live in an environment where things are going to continue to change and businesses are going to feel money if they feel there's an end demand that justifies that. there's end demand in china, end demand globally and moderate end demand in the u.s. the reality is businesses have done relatively well for the last two or three years and will continue to. >> real quickly, herbalife later this week will be making a big presentation trying to defend itself from bill ackmann. your thoughts? >> look, i happen to feel that waging your short selling campaign on the air waves a way of dictating stock price, i am personally uncomfortable with. i think it's the wrong way to go about investing because it raises all these questions of are you making a legitimate analysis of the underlying business of the company or are you trying to shift the momentum in order to make money off the stock direction? >> you don't think that bill ackmann is going out, and then selling without us knowing? >> no, i don't believe that. i just don't think that's the
. >> do you think there is a way we can do corporate reform in this environment? >> is extremely difficult but i think one really positive thing that came out of this fiscal debates this time is that for the first time in a long time, the business community unified around a concept of getting our deficit under control. they were not as worried about their individual tax breaks that might go as a result of having some reform. i hope that mood continues. that was a one group does not argue over one other or about accelerated depreciation and so forth. i am more hopeful that a more unified view from the business community is possible this time. >> i want to say one thing -- i'm not fully knowledgeable about this. i was at a meeting earlier today we're in noted tax expert said you cannot do corporate reform and not to individual reform because when we change the parameters, a whole lot of entities shifted from c corporations to other forms that were taxed on the individual side. if you lower rates on the corporate tax and get away with some of the preferences for oil and gas and various things
the environment and a ban will lead to job losses. >>> starting tomorrow san francisco schools will offer healthier options for lunch. oakland-based company revolution foods food contract survived a legal challenge allowing the new menu to be put in place. >> it's been about a year since a lone gray wolf wandered from oregon to california. the wolf known as or-7 is currently wandering northeastern california. the animal is believed to be the first wolf to roam within the state since 1914. 1924. o-7 has wandered a total of 3,000 miles. scientists think the wolf may be looking for a mate or a new pack. >>> tomorrow is moving day for the san francisco exploratorium. the named science museum closed it's doors last week. its exhibited will be packed up and taken to the exploratorium's new home at pier at the embarcadero. >>> help is on the way to the victims of superstorm is any. >>> could more rain be on your way for your workweek? our meteorologist mark tamayo has your complete bay area forecast. so we could head back to the dealership. [ male announcer ]it's pra. test drive! but we still n
well in the current environment. you can't survive in this industry unless you continue to cut costs. we've got a great track record, frankly, over the last five years of delivering, you know, circa 100 million pounds of cost savings year on year. we intend to do that going forward. >> and joining us with more, founder and managing director at neeve capital. thanks for joining us. how tough is if for the gross? tough for morrison's. we get tesco tomorrow. >> i think it is tough and goes beyond the economy. i think what's happened is to some extent people are prioritizing spending on other things over food. you've seen so much food inflation the last two, three years that people almost prefer to spend it on treat like apple, for example, or clothing. what that actually has meant is people are discovering or rediscovering that it's cool enough to shop, and people have discovered you can get good quality stuff at really much cheaper prices. and i think in other terms, what people are doing is they're shopping on convenience. they want to go? where closer to them. they don't actually lik
? thank you. >> the interment of the -- environment of the narcotrafficker forces in uncertainty. when they raise an orchard or vineyard and turns it into a poppy field -- when he is not sure what is learned happened to him or his family, they turn to narcotics. it takes three months to grow it. it does not need refrigeration or economic integration, nothing. if we see an increased degree of uncertainty, we would probably see more poppy cultivation. it would be listed economic activities. -- illicit economic activities. the leaderships and international community. in the areas where the economy is thriving, we have seen a reduction of narcotics and cultivation of the poppy. in areas where we see most of the fighting, that is where most of the poppies are grown. >> let me close with a final question. jim used a number of statistics. one that struck me is i have the right to a 52% of the afghan population thought the country is going on in the right direction. my question to each of you, what is your view? is the country going in the right direction and are you optimistic or pessimistic
. not in great measure but continued to burn gas, producing greenhouse gas right in to the environment. the second is that in pennsylvania, because really wells have never been regulated in pennsylvania. you can build a water well there with a paper clip if you want to. there are methane leaks through almost every well in pennsylvania because they have layers and layers of rock really producing biogenic methane. it's a thing that needs to be contained. >> all right. tom, thank you very much. >> thank you. >>> up next, you think people get fired up over this? you have no idea the twitter fury on our own steve kornacki, a very nice young man for not referring to the president as the president. i'm with sandra who just got these great glasses. you paid...wow. hmmm. let's see if walmart can help you find the same look for less. okay. see? walmart has all these leading eyewear brands and styles. rockstar! really? yeah. oh, wow! oh, black frame looks good on you. yeah? you can get a complete pair starting at just -- $38. really?! and did you know that our glasses come with a free 12-month re
's there on the sidelines, and yet this market keeps going higher because of this interest rate environment, because of the easy money from central bankers. do you still see that kind of conviction on -- on the part of big buyers? >> yes, i do, and i think as we said, the global p myois telling you that we're coming from a dismal place. if you bag back to the fiscal collapse that we went through worldwide, particularly i look to china, for the impact that china continues to have on the global economy. the united states is again demonstrating, may not be the growth rate that we want, but it is in fact heading in the right direction which is why the asset class of exsis should come back into favor. we've been out of favor for years at this point. the weekly money flows we just saw, the first time we've seen positive growth. >> exactly. >> i think that money has been spent quite frankly so that's a tough trade, but at this particular point market has digested what it's going to digest. put in a great first two weeks of january, and i believe the money flows should and will continue into the united stat
. that's the bleed air. and that bleed air usually does everything from controlling the environment within the cabin, the heating and the cooling, onboard electronics. what makes the dreamliner so different, so unique, is the amount of innovation that's gone in to using these lithium ion batteries in order to run the electronics on the plane. well, part of the problem here is, you're taking an amount of electricity that is coming off of these generators, in a very confined and small space, andrew, i mean this would be different if you were in the middle of a power plant. you'd say no problem. companies do this all the time. now you're trying to do this inside of an airplane. we should point out, this has gone through certification at the faa, repeated testing. it's not like they're just throwing these planes up there and there hasn't been any kind of safety checks. they went through extensive tests. if the issue now is was there, and this is something i think we're going to hear about in the next couple of days, is there a specific, perhaps malfunction with some of the electronics a
. [applause] we are getting an environment where business can grow, an environment that has been created by all of you and especially the leadership of governor cuomo. [applause] leadership that has companies like mine following a path to new york. tid pleasure of meeting the governor last month and it is my pleasure and honor to introduce him to you now, the governor of the state of new york, andrew comb month -- cuomo. >> [applause] >> thank you, thank you very much. thank you very much. happy new year new york. first, let me acknowledge and thank the greatest partner a governor could ever had lieutenant governor bob duffy who has been magnificent in the work he had done for this state. the question can one person make a difference in life. bob duffy has made a tremendous difference aross this state and we oh him gratitude. let's give him another round of applause. [applause] to the elected and legislative leaders who have been introduced once before, it's a pleasure to be with you. attorney general, thank you for being here. co-leaders senators, pleasure to be with you, assembly speak
and also the competitive environment. obviously a lot of phones coming out at ces and across the spectrum. but let's be clear. a lot of work hard for nokia. 0% gain is not necessarily the start of a turnaround per se at this company. >> and morgan stanley, if you're thinking about buy microsoft, windows 8 disappointing. i do like to -- a lot of people call in on mad money, they want to talk about low dollar stocks. clearwire. nokia. supervalu, all big wins. typically speculation -- speculation is really bad, we have to be involved with pfizer, you know, you should be in merck. the percentage wins here are staggering and a lot of people hit it big. by the way, sirius worked out, too. >> at the same time when you have a low priced stock like that, there is a great deal of risk and i know you point that out many times. i won't enmention many of these until they pierce that $3 level. >> but i was skeptical and this is one of those rare times where skepticism for supervalu, skepticism for clearwire because it was at a dollar not take long ago and it turns out they're a very valuable company. >
close to a 10, but given the domestic political environment, international situation, the weakness of our economy, you know, ugly nothing but a southerner he was in the cards, but it's worth looking at a 10 and comparing it to what we have two realize where we are not the best of all possible worlds at this point. okay, issue one is really the big enchilada, which is dealing with the long-term fiscal balance that we phase and i would have given a 10 to what folks were talking about, but was unachievable, which was the grand bargain between the president and the congressional leaders on a package of tax and spending policies that over the next 10, 12 years would've stabilized the debt to gdp ratio and that would've been a package somewhere in the two to $3 trillion range. of course there really wasn't time, the tightening between the election in january 1st to recover details. so if you respect even of the fact that we have a two political parties snarling at each other and not a whole lot in the way of negotiations, there really wasn't in the cards, but a nine, which would have com
parts of the world. as far as the current environment, it's a good place for them to we, focused on the u.s. even though our growth is not exceptional, it's still solid and better than other markets to be in. >> looking towards next week, morgan stanley, goldman sachs, bank of america out on thursday. what sort of growth rates are we going to see for these guys? how easy is the -- first of all, are they going the be flatted by easy xait comparisons? >> they're going to be very flattered by easy pairsons. there were a lot of eva chavrnlgs where the value of their bonds decreased. so they hurt a lot of their bonds. but sequentially from last quarter, it's not a large growth. 6/it's going to make them look a little better. >> what is going to be the key report for you or the key thing to focus on? >> as far as wells fargo, i would say what they have to say about the housing market. is it going to continue to be overheated? is it going to improve? this is something that affects not only the banks, but other parts of the economy, as well. we've seen in the consumer discretionary secto
there are things the government can do which will improve the environment for expansion. what was interesting is that cfos are relatively happy with monetary policy. >> they tell us credit is lower than it has been focus five years. but the concerns seem to be around things like infrastructure, energy policy and immigration and in particular, the general level of regulation. so what cfos are saying to us is what worries them are things more around the microsooidz side of the economy. >> business hasn't really come up with a view for that, hasn't it? >> we'll see what comes out of that. >> thank you for joining us. if you have any thoughts or comments, please e-mail us, worldwide@cnbc.com. >>> we're getting more details on japan's xlumtry budget. kitadai-san, hello. >> hello, ross. the government has compiled an outstanding for fiscal 2012 valued at more than $14 billion. the new liberal democratic led government plans to spend a large portion of the funds on public projects. the budget will focus on targets to introduce resistant construction standards at schools and hospitals, plus provide f
. [video clip] >> we are all products of our experience and environment. i have been tempered by the experience about war. what war means, the consequences, who has to fight it. all of that experience is part of me and how i look at policy, how i look at our foreign policy and military policy, how i judge consequences, how the world sees us, their trust in our purpose in power. no question much of the questioning i have done about iraq and was tempered by the experience in vietnam. whenever i will ever do in my life -- whatever i will do in my life, those experiences shaped me, just like anyone who has gone through war. those experiences shape you very much. it makes you less inclined to jump into war. it is easy to get into war, not very easy to get out, as evidenced by the johnson tapes. you need to think through these things. diplomacy is critically important, especially in the complicated world we live in today. i think something else is important here and a lesson we learned from vietnam. what is going to be very important for america is not to isolate ourselves in the wo
Search Results 0 to 33 of about 34 (some duplicates have been removed)